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Burgher Lenders And Public Credit: The Role Of Town Governments In Holland's State Debt, 1572–1588

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Chapter Summary

This chapter describes the role of town governments in Holland's state debt, 1572-1588. It discusses and summarizes the relationship among the various kinds of transactions. The companies on Holland's payroll were now posted a bit beyond the frontier, preferably in towns along the rivers that gave access to Holland. This is precisely the kind of thinking that William of Orange and his closest collaborators condemned as "particularist", that is, focused on the good of an individual province, not on that of the commonwealth as a whole. This chapter argues that it makes more sense to follow the Revolt from the standpoint of this one province, where key decisions were made about how to allocate the resources of the rebel government. In sum, it seems that Holland's burgher-lenders got the kind of war for which they were willing to pay, one that put the interests of Holland's garden first and foremost.

Keywords: burgher-lenders; Holland; state debt; town governments



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